OceanaGold narrows 2017 guidance as Haile teething problems dent project progress

Melbourne, Australia-based gold producer OceanaGold on Monday said it has narrowed the top-end of its 2017 gold production guidance as teething problems at its new Haile gold mine, in South Carolina, stymies progress. The TSX- and ASX-listed midtier miner, with assets located in the Philippines, New Zealand and the US, now expects to produce between 550 000 oz and 600 000 oz of gold this year, down from previous estimates of 550 000 oz to 610 000 oz of gold.